Updates, advisories and surprises

(4:35 PM ET) SAN FRANCISCO (MarketWatch) - Tenet Health Care Corp.
THC, -0.58%
on Monday reported a second-quarter net loss of $7 million, or 27 cents a share, compared with a loss of $43 million, or 49 cents a share, for the year-earlier period. Net operating revenue rose to $4.04 billion from $2.42 billion. Analysts polled by FactSet on average were expecting the health-care services company to report a profit of a penny a share on revenue of $3.94 billion. Shares of Tenet were down a fraction after hours.

AIG rises 3% after earnings beat

(4:25 PM ET) NEW YORK (MarketWatch) -- American Insurance Group Inc.
AIG, -0.64%
posted a net income of $3.1 billion, or $2.10 a share, in the second quarter, up from $2.7 billion, or $1.84 a share, in the same period a year ago, the company said Monday. The FactSet consensus was for EPS of $1.05. After-tax operating income totaled $1.8 billion, up from $1.65 billion a year ago, the company said in a statement. The company's property and casualty business posted operating income of $1.35 billion, up from $1.09 billion a year ago, due to improved underwriting results and reduced catastrophe losses. The life-insurance business had operating income of $1.18 billion, up slightly from $1.15 billion a year ago, due to higher fee income from growth in assets under management. Net investment income was $1.25 billion, compared with $1.31 billion a year ago. Assets under management grew 13% to $332.81 billion. Shares were up nearly 3% in after-hours trade.

Groupon shares climb on brink of earnings report

(11:01 AM ET) SAN FRANCISCO (MarketWatch) -- Groupon Inc.
GRPN, +0.21%
shares rose as much as 7%, to reach $6.93 Monday, one day ahead of the online daily deal company's second-quarter results. Most analysts believe Groupon will at least meet the consensus forecast for revenue of $762 million for the quarter. "Investors will be looking for signs of improvement on three key metrics; revenue growth in local, improvement in goods gross margins and, progress in international operations," said Sterne Agee analyst Arvind Bhatia, in a research note.

AutoNation July retail sales climb 8% to 27,484 vehicles

(7:37 AM ET) NEW YORK (MarketWatch) -- AutoNation Inc.
AN, +0.86%
said it sold 27,484 new vehicles in July, up 8% from the same time a year ago. On a same-store basis, sales rose 7%, the car retailer said in a statement. Premium luxury vehicles showed the strongest growth in the month, climbing 17% to 5,113 vehicles. Shares were indicating lower in light premarket trade.

Michael Kors shares rise as results beat expectations

(7:29 AM ET) LONDON (MarketWatch) -- Michael Kors Holdings Ltd.
KORS, -0.31%
on Monday said fiscal first-quarter net earnings were $187.7 million, or 91 cents a share, compared with $125 million, or 61 cents a share, a year ago. Total revenue at the apparel designer and retailer was $919.2 million, up from $640.9 million in the same period last year. Analysts polled by FactSet had expected per-share earnings of 81 cents, on sales of $851.8 million. Michael Kors forecast fiscal second-quarter earnings of 85 cents to 87 cents a share, on total revenue of $950 million to $960 million, assuming a same-store sales increase in the high teens. Shares of Michael Kors rose 6.3% to $87 in premarket trade following the results.

Cardinal Health tops profit, sales estimates

(7:11 AM ET) NEW YORK (MarketWatch) -- Cardinal Health Inc.
CAH, +1.97%
said it earned $234 million, or 68 cents a share, in its fiscal fourth quarter, after a loss of $586 million, or $1.72 a share, in the same period a year ago when it booked a goodwill impairment charge relating to its nuclear division. Adjusted per-share earnings came to 83 cents a share, ahead of the 81 cents consensus of analysts polled by FactSet. Sales fell 10% to $22.9 billion, but topped the FactSet consensus of $22.0 billion. :We made significant progress on our strategic priorities: launching the largest generic purchasing entity in the U.S. through our joint venture with CVS Caremark, expanding our position and capabilities in specialty, substantially increasing our line of consumable medical products, taking significant steps to enhance our program on physician preference items in both cardiovascular and orthopedics, enlarging our footprint in the home, and showing continued strong growth in China," Chief Executive George Barrett said in a statement. The company is now expecting adjusted 2015 per-share earnings of $4.10 to $4.30. Shares were not yet active in premarket trade.

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